Browsing Tag

financial freedom

Financial Freedom

Moral of The Story According to The Tourist

April 23, 2010

I received this email today and I found it really funny. 🙂

No offence to the sender with regards to what I am about to share but it’s just another way of looking at things. And especially give people a new insight as to the importance of attaining financial freedom.

So here goes….


A boat docked in a tiny Mexican fishing village.


A tourist complimented the local fishermen
on the quality of their fish and asked
how long it took him to catch them.

“Not very long.” they answered in unison.

“Why didn’t you stay out longer and catch more?”


The fishermen explained that their small catches were
sufficient to meet their needs and those of their families.

“But what do you do with the rest of your time?”

“We sleep late, fish a little, play with our children,
and take siestas with our wives.
In the evenings, we go into the village to see our friends, have a few drinks, play the guitar, and sing a few songs.

We have a full life.”image004

The tourist interrupted,

“I have an MBA from Harvard and I can help you!
You should start by fishing longer every day.
You can then sell the extra fish you catch.
With the extra revenue, you can buy a bigger boat.”

“And after that?”

“With the extra money the larger boat will bring,
you can buy a second one and a third one
and so on until you have an entire fleet of trawlers.
Instead of selling your fish to a middle man,
you can then negotiate directly with the processing plants
and maybe even open your own plant.

You can then leave this little village and move to Mexico City , Los Angeles , or even New York City !

From there you can direct your huge new enterprise.”


“How long would that take?”

“Twenty, perhaps twenty-five years.” replied the tourist.

“And after that?”

“Afterwards? Well my friend, that’s when it gets really interesting, ” answered the tourist, laughing. “When your business gets really big, you can start buying and selling stocks and make millions!”

“Millions? Really? And after that?” asked the fishermen.

“After that you’ll be able to retire,
live in a tiny village near the coast,
sleep late, play with your children,
catch a few fish, take a siesta with your wife
and spend your evenings drinking and enjoying your friends.”image006

“With all due respect sir, but that’s exactly what we are doing now. So what’s the point wasting twenty-five years?” asked the Mexicans.

image008And the moral of this story is supposedly:

Know where you’re going in life….
you may already be there.

Now let me tell you the real moral of this story:

There is a missing part to the story. If you continued doing what you are doing, at the end of 25years, you are still working every single day to get your small catches of fish to feed your family and children. Perhaps you might even have to rely on your children to get the small catches of fish.

But if you established your corporation with the idea that the tourist presented, at the end of 25 years, you will not have to lift a finger to ensure that your catches of fish feed your family and children. In fact, you can even rest assured that you have enough to feed your children’s children over the many years to come.

Now, which one sounds better as a retirement plan?

Personal Development

Would You Rather Be Rich Or Happy?

March 19, 2007

Here’s a question for you to ponder. “Would You Rather Be Rich Or Happy?”

Well, this question sparked a debate over at Calvin’s Blog and it’s really cool to see all the comments that are posted by his blog readers on this question.

It had me thinking for awhile especially after attending Johnny Wimbrey’s seminar and it’s important to know what you seek for in life.

But I’m not asking you to choose between or to seek only wealth or happiness. There’s a possibility that they co-exist and in fact, they need each other to co-exist.

As I mentioned in his blog, that Maslow’s Hierarchy of Needs explains just why is that so. Well, the Hierarchy of Needs states that each person has different needs – Physiological, Safety, Belongingness, Esteem and Self-Actualisation.

Well, according to the diagram, we need to satisfy the needs found at the bottom because the need is stronger. If it is not fulfilled, your motivation will draw you towards fulfilling it. As such, in order to be happy, we will need to fulfill our basic needs and only then can we start to fulfil our other needs such as status, love, happiness etc.

Being wealthy doesn’t guarantee that it will make you happy but at least, it can guarantee at least your physiological and security needs (characterised by financial stability too) to be fulfilled. And being able to fulfill those needs allow you to achieve needs at higher levels such as social, esteem and self-actualisation needs.

I agree with Calvin that “it’s not really about YOU being happy and YOU being rich.” Others play a part in your life too you know.

So can I be wealthy and happy? Of course!

When you are wealthy and able to fulfill your basic needs, you most probably can fulfill the basic needs of others – your family, friends or even strangers. You can give much more to others and this to me, is happiness. Because when you see others happy, especially your loved ones, you’ll naturally be happy.

Well, I don’t think my post can give you much revelation. So, do hop down to Calvin’s! I’m sure you’ll gain some insights on this issue over there! 😉